Wells Fargo & Company MN Has $7.04 Million Position in TriNet Group, Inc. (NYSE:TNET)

Wells Fargo & Company MN increased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 77,518 shares of the business services provider’s stock after acquiring an additional 3,456 shares during the quarter. Wells Fargo & Company MN’s holdings in TriNet Group were worth $7,036,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of TriNet Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after purchasing an additional 39,351 shares during the period. Vanguard Group Inc. grew its position in shares of TriNet Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock valued at $271,585,000 after buying an additional 36,216 shares during the last quarter. Tidal Investments LLC increased its stake in shares of TriNet Group by 5.4% in the third quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider’s stock valued at $495,000 after buying an additional 263 shares during the period. Nordea Investment Management AB lifted its stake in shares of TriNet Group by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider’s stock worth $14,732,000 after acquiring an additional 6,420 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in TriNet Group by 82.7% in the fourth quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider’s stock valued at $20,193,000 after acquiring an additional 100,728 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TNET shares. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Price Performance

TriNet Group stock opened at $75.95 on Friday. The stock’s 50 day moving average price is $76.05 and its two-hundred day moving average price is $86.64. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.21 and a beta of 1.06. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $130.83.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 annualized dividend and a yield of 1.45%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio is presently 32.16%.

Insider Buying and Selling at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.